Why the 40-year-old Camberwell family made $4.2 million

The Camberwell Victorian era priced at $4.298 billion, after four families attended a rain-soaked indoor auction.

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Camberwell’s homes, with views of the rooftop city and forty years of family memories, sold for $4.298 billion under a hammer, were stuffed indoors to avoid the rain in front of a crowded crowd.

The five-bedroom Victorian mastery on 9 Avenue Rd has been around for over 40 years until Saturday’s auction brought a crowd of about 80 people into the expansive open-plan living area of ​​the home.

Despite the weather, four local families competed for keys, two of which pushed the price higher by $3.95 million in market figures.

The result also soared to the property’s initial $3.7 million-$3.9 million price guide.

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At about 815 m2, the double-framed double-brick home mixes original marble fireplace, ceiling roses and hall arches and has undergone a luxurious renovation about 15 years ago.

Behind its iron-colored balcony and high front fence, there is a gas and solar pool, spa, commercial-grade outdoor kitchen and a rooftop terrace facing the city.

The formal lounge displays one of several original marble fireplaces preserved during the full-size renovation of the house.

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Enjoy the city views from the theater room and rooftop terrace upstairs, making this Camberwell unique at the auction.

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It also features a theater room, ground-mounted guest suite and a four-car basement garage that sets it apart from suburban prestigious products.

All four bidders are from nearby, and the house is ultimately protected by local families.

The seller is now laying off employees, supported by a large family during the auction, described as private but warm, with neighbors falling during the campaign, sharing fond memories of the house and the people in it.

Privately placed behind high walls and automatic doors, this is a mixed charm of Victorian double-frame home hybrid heritage with modern luxury.

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Gas and solar-heated pools, spa kiosks and commercial-grade outdoor kitchens create a backyard retreat for the resort.

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Ray White Balwyn auctioneer Brad Cooper said it was an exciting day for suppliers, but it turned out to prove the quality of the property and its location, just steps from the Camberwell junction, close to top schools and transportation.

The property is also divided into Camberwell High School.

A four-car basement garage gives serious buyers appeal, especially in a tightly held interior location.

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The master bedroom features a travertine mini-ensuite with a spa, one of five bathrooms throughout the spacious family home.

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Despite the wet weather, Mr. Cooper said the auction went smoothly indoors due to the spacious design of the home – with several large living areas that made it feel more like a party than a real estate sale.

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david.bonaddio@news.com.au